Prior To Making An Offer On A Condo A Due Diligence Must Be Performed By The Realtor:

1. Obtain 2019 “APPROVED” Condo Budget
2. Obtain 2019 Balance Sheet
3. Have The Loan Officer Evaluated The Documents?

Find Out If Possible If There Is A Pending Litigation With The Condo:

1. If It Is Against De Condo STOP
2. If It Is In Favor Obtain A Copy Of The Complaint With Apple Tower Title & Escrow (DANNY)

If All Of The Above Is Correct Them Proceed With The Offer:

1. Once Accepted Make Sure To Order The Condo Questionnaire ($275-$300) REVIEW IT!!
2. Order Inspection
3. Order Appraisal
4. Apply With The HOA
5. All Of The Above Must Make Chronological Sense
6. Quote An HO6 Prior To Closing

Oct 15, 2019 FHA Loans For Condominiums:

1. 10% Down Is The Minimum
2. 50% Must Be Owner Occupied
3. FHA Will Only Insure Up To 50% Of The Total Units
4. No More Than 15% Of Units Are 30 Days Delinquent
5. FHA For Condos Have Their Own Condo Questionnaire (attached)